SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RWS who wrote (38406)10/22/1999 10:14:00 PM
From: Chip McVickar  Read Replies (1) of 44573
 
RWS,

When I first started to plot out these TP's on a regular basis I added the days back in order to seek that very answer. Does duration increase the power of the move and/or the strength of effect?

I have not taken the time to collate the percentages or probability of this information. But I have recorded the movement and the extension of the point move. Maybe shortly I'll take the time to sift through one an'a half years plus data and ask an excel/accounting expert to work out the math?

I can say this......I've seen 3 day moves do the same as 16 and I've seen daily due dates back 21 days do the same as 60 minute 6 day TP's. GZ called a TP that was weeks back that turned a whole market for 500 points down. I've seen all of them do absolutely "nothing."

The TP's are an "opportunity window"......it is better to view them simply as a potential time for movement.
As to measuring the effects...that has yet to be done by "moi."

Have a Great Weekend,

Chip
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News